Price is now coming up against a multi-year trendline. This converges with a multi-month trendline price is coming up against as well. Will be on the lookout for downside.
upward channel, 1:1 RR rejection 3x on 15m nice doji on 30m last kiss of support and the overall uptrend in and out 13 pips 15 minutes no draw down on this trade when entered on the last 15m rejection bar happy trading
Earnings next week targeting a higher low on 4 hour window or test of support.
Each time price reached that line, it's held it up so far but how long can this be held up? Comments are always welcome.
We have a huge confluence of support right here. We are testing the trendline from the December High. It also is right were the current upward trend from June is along with price resistance/support lines. If you look at the daily chart there is currently at a huge confluence of support and it is likely that we will see an bounce or a reversal of this downward...
Hi, eurgbp is approaching this beautiful trendline, I'm bullish.
MACD negative RSI oversold Short term longs
As you can see the NZDUSD pair on the 1hr chart is approaching the trend-line set my the previous descending highs. We will see how this plays out. The market makes the same setups every time. Wait for a break to the upside or a bounce back hopefully to the next daily support.
Here we see several factors lining up as confirmation in a zone between 1.1713 and 1.1760 fibonacci cluster zone 8 month trend line support test head and shoulders bullish pattern Demand zone With these confirmations lining up there's a solid risk return setup to go long
Validated confluences 1.Weekly Trend line valid 2.Support broken Resistance validated 3.Trend Trading 4.Profit margin 1:3 5.Breach of higher Bollinger band
A short opportunity for a solid profit reward ratio of about 1:5 Confluences of short term supply zone + head and shoulders pattern breakout + 4H TF trendline touch for our solid entry Zone. Keep your eyes on divergences to make sure for more conservative traders on this opportunity. Happy Trading month to all.
Looking for Buy opportunity at current trendline. Push up may be due to news. Look for entry pattern.
Another one for you guys, sell then buy the breakout.
Hello folks, nice trendline play, sell the breakout to lower trendline resistance. gl/
Target 1: intersection of 38.2 bull and 50 bear fib rays. Target 2: intersection of the 50 bull and 50 bear fib rays.
FX:USDCHF Price is currently spiked up to the current trend line took a short position at 1.00856 looking for price to zig zag its way down to 0.99318! Patience is the key
EurGbp has formed bearish crab pattern and there is also trendline resistance and 78.6% fib confluence.